The Mexican currency in international markets is located at 17.51 pesos per dollar wholesale, which means an appreciation of 0.20% or 4 cents compared to the previous dayits best level since last May 16, according to information from Bloomberg.
In the overnight session, the exchange rate presented volatility with a downward bias.
On Friday, The Mexican peso pierced the support of 17.53 units and it remained trading in the lower area of the range, Monex specialists commented.
The Dollar Index, which compares the behavior of the US currency against the other six main world currencies, dawns with an appreciation of 0.34%. The euro falls 0.3% against the greenback, while the pound loses 0.7%. Bitcoin, the currency with the largest assets in the cryptocurrency market, fell 1.9%, maintaining little investor appetite.
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Stock markets worldwide present mixed movements, after knowing an important economic agenda, and with the news that Saudi Arabia could make a cut in oil production.
As for the Federal Reserve of the United States, this week the discussion will continue towards the next monetary policy meeting, remembering that the inflation data to be published on June 13 will be key.
On Wall Street, futures are mixed, highlighting the 0.04% increase in the SyP.
After a close of the BMV’s Price and Quotation Index last Friday at 53,233 points, for this week Banorte analysts expect a price range between 52,500 and 54,000 units.
In Asia the markets closed higher, the Nikkei gained 2.2% and the Han Seng advanced 0.6%, while in Europe the positive movements predominate, where the Euro Stoxx 50 operates with a marginal decrease of 0.02%.
US oil price WTI, a reference for the Mexican mix, advances 2.7%.
The OPEC meeting ended with the announcement of a voluntary reduction of 1 million barrels of oil per day by Saudi Arabia, 10.0% less than the production reached in May by this country.
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